Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“Give blue-eyed men their swivel chairs
To whirl in tall buildings.
Allow them many ships at sea,
And on land, soldiers
And policemen.”
—Arna Bontemps (1902–1973)
“... when you make it a moral necessity for the young to dabble in all the subjects that the books on the top shelf are written about, you kill two very large birds with one stone: you satisfy precious curiosities, and you make them believe that they know as much about life as people who really know something. If college boys are solemnly advised to listen to lectures on prostitution, they will listen; and who is to blame if some time, in a less moral moment, they profit by their information?”
—Katharine Fullerton Gerould (1879–1944)
“Whether talking about addiction, taxation [on cigarettes] or education [about smoking], there is always at the center of the conversation an essential conundrum: How come we’re selling this deadly stuff anyway?”
—Anna Quindlen (b. 1952)